Listen to our weekly broadcast...
Sponsored by Webstop
From The MNB Archives
Saturday, July 28, 2012
Tesco Cuts US HQ Jobs As It Seeks Elusive Profits
The Financial Times reports that Tesco has cut about 50 jobs from the Fresh & Easy Neighborhood Market headquarters in Southern California, as it continues to scale back new store openings to stanch the flow of red ink from its US division.
Somehow, that whole "this is not with a view to a sale or closure of the business" line doesn't ring out with the same degree of credibility and certainty that it used to.